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Nov 11, 2012
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boehner seemed to be saying i am going to close loopholes and use the revenue. not just growth, but use the re-knew from closing the loopholes to cut the deficit. are you accepting that or not? >> i think that is the formul formula. that is the way we reach agreement. you can close the loophole -- >> chris: it's not the growth. taking the money, tax expenditures through the loopholes and giving, using it as a deficit savings. >> as long as you close the loopholes and limit the deduction, limit credits. formula for a solution. >> real solution. >> chris: senator corker, you have a draft plan you have been circulating to a number of members in the senate. is there a deal here? >> i think there is a deal. the ying and yang of this is we know there has to be revenues. look, i haven't met a wealthy republican or democrat in tennessee that is not willing to contribute more. as long as they know we the problem. the ying of revenue, we understand. i think there is a very good pro-growth way of putting that place, so you are getting revenues from people like me and other
boehner seemed to be saying i am going to close loopholes and use the revenue. not just growth, but use the re-knew from closing the loopholes to cut the deficit. are you accepting that or not? >> i think that is the formul formula. that is the way we reach agreement. you can close the loophole -- >> chris: it's not the growth. taking the money, tax expenditures through the loopholes and giving, using it as a deficit savings. >> as long as you close the loopholes and limit the...
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Nov 10, 2012
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boehner needs to get his party in line. they do have a divided party in the republican party with the tea partiers, and then, harry reid and president obama they need to come together. >> kelly: selena, angela lays it on the line particularly about the republicans dividing themselv themselves because of the tea party. can the prison hope to bri-- the president hope to bring them table. >> it's not the president's responsibility to bring the republicans out there. >> kelly: he almost has to an olive branch? >> he's passed a bill maintaining the tax cuts on those who make under $250,000 and it's on speaker john boehner at this point to simply pass the senate bill and if nothing is done it's on speaker john boehner not on the president, whether or not the tax cuts expire on january 1. >> but at the end of the day, it will be the american people that are hurt. yes, there is a bill in the senate, and yes, boehner could pass it, but he says that he does not want to raise taxes and the congressional budget office says, kelly, if w
boehner needs to get his party in line. they do have a divided party in the republican party with the tea partiers, and then, harry reid and president obama they need to come together. >> kelly: selena, angela lays it on the line particularly about the republicans dividing themselv themselves because of the tea party. can the prison hope to bri-- the president hope to bring them table. >> it's not the president's responsibility to bring the republicans out there. >> kelly: he...
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Nov 9, 2012
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john boehner said this is his moment. his opportunity to leave. shannon: i would like to play a little bit more about what john boehner has said. and then i would like to play more about what brett said about this. but first, what john boehner said to diane sawyer. >> raising taxes is the wrong prescription. >> raising tax rates is unacceptable. frankly, it could not even pass the house. shannon: bret baier is the anchor of special reporting. what is your reaction? we understand that the president will invite congressional leaders over. >> we will also probably here from his senior adviser, david plouffe. the one thing that is interesting, if you look at the polls on the question of income tax rates, you have 47% that want to increase for those about 250,000. no increase for anyone tax increases, and 13%, increases for all. 47% 1,250,000 or above and 48% don't raise them at all or reason for everyone. so, you know, if you look at the exit polls, there is not really a definitive answer there. the republicans are going to say this is not the right a
john boehner said this is his moment. his opportunity to leave. shannon: i would like to play a little bit more about what john boehner has said. and then i would like to play more about what brett said about this. but first, what john boehner said to diane sawyer. >> raising taxes is the wrong prescription. >> raising tax rates is unacceptable. frankly, it could not even pass the house. shannon: bret baier is the anchor of special reporting. what is your reaction? we understand...
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Nov 9, 2012
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but after the election, speaker boehner and now that the american people have spoken, speaker boehner has more weight behind him to say to his caucus, folks, get in line. >> in last night's interview the speaker talked about obama care. i want to remind everybody what he had to say about that. >> the alexeis that. the the president is reelected. obama care is the law of the land. >> but you won't be spending the time next year trying to repeal obama care? >> there may be parts of it that we believe need e to be changed. we may do that. no decisions at this point. >> okay. obama care is the law of the land. maybe parts of it could be changed. it seems very conciliatory. but almost immediately, the speaker sent out a tweet saying that the goal is and will remain full repeal. and there it is. obama care is the law of the land but it's threatening jobs. our goal will remain full repeal. is the speaker talking out of both sides of his mouth. he's either lying to diane sawyer or to everybody on twit per. >> the goal is full repeal. at the end of the day, given the fact the president has bee
but after the election, speaker boehner and now that the american people have spoken, speaker boehner has more weight behind him to say to his caucus, folks, get in line. >> in last night's interview the speaker talked about obama care. i want to remind everybody what he had to say about that. >> the alexeis that. the the president is reelected. obama care is the law of the land. >> but you won't be spending the time next year trying to repeal obama care? >> there may be...
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you have a group whether it's mcconnell actually much more explicit than boehner in the senate, or boehner saying we can play around with the tax code to increase revenues but not increase rates. those are pretty unkwif cal lines. the realm of agreement between medicare, defense, et cetera is a widely shared realm. that line in the sand -- when you think from wall street and a business perspective seems far too bright given somebody has to pull back from the brink. >> you're saying that their sides are to distinct -- >> on this one issue. they drew a clear line about an issue is revenue inconsequenceal. you don't get to this by raising taxes on the wealthy. we have made this an issue. >> the president made it an issue. >> in our exit polling where he has the aagreement of people. not necessarily popular because most people would like to see no one's taxes go up but 46% or about said they want it or would be in agreement with meem who make over 250,000. >> the polls aren't important -- what's important is he won a huge election. does that give him a mandate to do everything he ever said? of
you have a group whether it's mcconnell actually much more explicit than boehner in the senate, or boehner saying we can play around with the tax code to increase revenues but not increase rates. those are pretty unkwif cal lines. the realm of agreement between medicare, defense, et cetera is a widely shared realm. that line in the sand -- when you think from wall street and a business perspective seems far too bright given somebody has to pull back from the brink. >> you're saying that...
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Nov 9, 2012
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what did you hear from john boehner? he said he's willing to budge on revenue, not hike taxes, but is that enough. what are republicans willing to give here. >> the jury is still out. speaker boehner should put his r revenue plan on the table. i mean based on this republican theory that's been proven wrong by history that somehow by giving folks at the top of the income ladder a tax break, you'll create all this economic activity and it will pay for itself and not increase the deficit. we know that failed because what happened after we tried that last time was jobs went down and the deficit went up. so i think the speaker shoumd do what he says that he wants to do. put this out in public. the president has put his plan in public. it was a central part of the debate. saying that folks at the higher end should pay more to reduce our deficit because if we don't ask them to chip in more, it means everybody else gets hit harder. >> you heard what he said. we're not going to raise taxes on small business. and for republicans,
what did you hear from john boehner? he said he's willing to budge on revenue, not hike taxes, but is that enough. what are republicans willing to give here. >> the jury is still out. speaker boehner should put his r revenue plan on the table. i mean based on this republican theory that's been proven wrong by history that somehow by giving folks at the top of the income ladder a tax break, you'll create all this economic activity and it will pay for itself and not increase the deficit. we...
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we're hearing from speaker boehner, we're hearing from the president. tell me more about how markets are reacting. >> first of all, you look at how the markets are doing, they are pretty flat. triple digit plunge made any real gains that we saw in the market today they fizzled out, brooke, right after president obama's speech. the dow up more than 70 points before we spoke to the nation about the looming fiscal cliff. and you saw the gains slowly but surely disappear. didn't deliver anything new. that's how the market sees it. more of a call to action. investors are nervous and they're showing it. look how the dow did the past couple of days. two days, between wednesday and thursday, it fell 430 points. more than 430 points. as you can see, it's wavering all day today. you know, investors, they have been moving money into bonds. that's a safer investment. they don't feel like they want to leave their money and stocks. it's a clear sign that wall street wants to hear more and wants more clarity on the fiscal cliff. brooke, with no end in sight, it is fea
we're hearing from speaker boehner, we're hearing from the president. tell me more about how markets are reacting. >> first of all, you look at how the markets are doing, they are pretty flat. triple digit plunge made any real gains that we saw in the market today they fizzled out, brooke, right after president obama's speech. the dow up more than 70 points before we spoke to the nation about the looming fiscal cliff. and you saw the gains slowly but surely disappear. didn't deliver...
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Nov 10, 2012
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earlier this week house speaker john boehner offered his position. this afternoon it was the president's turn. they have got some ground to cover to get a deal done. the white house says americans voted tuesday for tax increases on the wealthy. boehner says he is open to more revenue from taxpayers if it's part of an overhaul to the entire tax code. there are way to get this done. it's likely going to take weeks of high level negligencations and they begin at the white white house next w, harris. >> harris: what is this doing to the markets our 401(k)'s? >> u.s. markets just wrapped worst week since june. much of it because of concerns about the fiscal cliff. it takes half a trillion dollars out of the economy next year alone through spending cuts and tax increases. analysts say it would likely lead to another recession. today, the major indices managed only slight gain. the dow jones industrial average rose 4. the nasdaq settled up 9. the s&p increased 2. all three dropped at least 2% for the week. harris? >> harris: rich edson, thank you very much.
earlier this week house speaker john boehner offered his position. this afternoon it was the president's turn. they have got some ground to cover to get a deal done. the white house says americans voted tuesday for tax increases on the wealthy. boehner says he is open to more revenue from taxpayers if it's part of an overhaul to the entire tax code. there are way to get this done. it's likely going to take weeks of high level negligencations and they begin at the white white house next w,...
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Nov 14, 2012
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how will it affect the upcoming talks with john boehner? two top-tier negotiators give their insight into how the meeting could unfold. >>> and trading places. charles schwab ceo talks exclues i havely to maria about the current crisis of confidence in the stock market. could a deal on the looming fiscal cliff be just the shot in the arm sagging equities need? that and a whole lot more is ahead on the "closing bell." >>> all right. we want to show you a live picture of the white house. we are waiting for the ceos to start tricking out of the white house. they are in a meeting right now with president obama talking about the fiscal cliff, talking about ways to get the deficit and debt situation in this country in order. as soon as those ceos start coming out, they include the ceo of honeywell, ibm, a number of ceos in industrial businesses. of course, the only financial services representation there is american express. no other bank was invited to this meeting. as soon as these guys and gals start walking out, we'll bring you some interview
how will it affect the upcoming talks with john boehner? two top-tier negotiators give their insight into how the meeting could unfold. >>> and trading places. charles schwab ceo talks exclues i havely to maria about the current crisis of confidence in the stock market. could a deal on the looming fiscal cliff be just the shot in the arm sagging equities need? that and a whole lot more is ahead on the "closing bell." >>> all right. we want to show you a live picture...
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Nov 12, 2012
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if what speaker boehner was saying he was truly willing to get office ready we begin to work with one another. if what he is simply saying is what republicans used to say which is we are going to lower rate on the wealthy and that will somehow generate -- >> he was talking about closing loopholes and deductions. >> the jury is out still on the -- let me be clear. the tone was good. i think the jury is out on what he said. others may have to clarify. but he said something in a very hurtf artful way in which many people heard differently. >> are you willing to accept more revenue if it doesn't mean the bush tax cut has to be rescinded for the wealthy and rises from 35 to 39 percent. if they make the matt work. >> the issue is the math. the starting point should be going back to clinton era rates. then proceeding with tax reform as the speaker may have been talking about if he was generally talking about eliminating revenues to eliminating loopholes. >> let's right now extend the bush tax cut rates for the 98 percent of the people making less than 250,000 dollars. he says i will sign it
if what speaker boehner was saying he was truly willing to get office ready we begin to work with one another. if what he is simply saying is what republicans used to say which is we are going to lower rate on the wealthy and that will somehow generate -- >> he was talking about closing loopholes and deductions. >> the jury is out still on the -- let me be clear. the tone was good. i think the jury is out on what he said. others may have to clarify. but he said something in a very...
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speaker boehner has control of the house. and majority leader reed reed has his and mcconle the minority leader. you need certain amount of republicans in the senate to come with the president. they have their own power base they are working it is it the triangulation that we will see. who and what form is it the coalition that are need tod pass something. >> welcome to divided government. >> there you g. >> in this setting right now. everybody has an interest in finding a way to making progress and giving the american people what they wanted from all of their leaders some substantive move forward on the big issues that face the country. taxes and spending are on everyoney mind. >> gop's give on taxes. you think the democrats will play fair on entitlements. >> that is on the agenda democrats recognize it is it not only increasing the revenue. you need a balance. both increase in revenue, but you need a cut in spending. >> you can't ignore the path. if we don't reform entitlements, there is it a country that is broke. as long
speaker boehner has control of the house. and majority leader reed reed has his and mcconle the minority leader. you need certain amount of republicans in the senate to come with the president. they have their own power base they are working it is it the triangulation that we will see. who and what form is it the coalition that are need tod pass something. >> welcome to divided government. >> there you g. >> in this setting right now. everybody has an interest in finding a way...
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president obama and house speaker john boehner speaking today about what is needed to avoid a potential economic crisis in january. >>> an ohio teen sentenced in a deadly plot to lure victims with phony job offers on craig's list. >>> silent killers of superstorm sandy d the threat of carbon monoxide exposure, dangers from downed power lines and contaminated water. it is all "happening now." jon: iran uping the stakes with the standoff over the west on its nuclear program. a good friday morning to you. i'm jon scott. >> i'm jamie colby. good to have you here. i'm in for jenna lee today. talk about happening now, there is lot happening this hour. let's start with this. iranian warplanes opening fire an unarmed u.s. drone? the pentagon said it was flying over the gulf. that international waters. fortunately the drone was not damaged. jon: all this as the you know announce as fresh round of new diplomatic talks with iran next month. national security correspondent jennifer griffin live at the pentagon with more on this. this happened november 1st. why are we hearing about it now? >> report
president obama and house speaker john boehner speaking today about what is needed to avoid a potential economic crisis in january. >>> an ohio teen sentenced in a deadly plot to lure victims with phony job offers on craig's list. >>> silent killers of superstorm sandy d the threat of carbon monoxide exposure, dangers from downed power lines and contaminated water. it is all "happening now." jon: iran uping the stakes with the standoff over the west on its nuclear...
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john boehner didn't want to have any type of grand bargain. he wants to wait for the new congress to be seated. how you do a temporary punt. obama has the leverage. he won re-election. so where we go from here, i think you are going to see a lot of political games next week when congress comes back to town. potentially, we go deep into december. >> the president is holding most of the cards here, he won re-election and the republicans are absolutely terrified of going over the cliff. the tax cuts expire. the president and democrats propose a bill to restore the tax cuts to all but the top bracket and the republicans say, no, no, no. we don't want to do that. we have to restore the tax cuts to the rich people. they don't want to be in that situation, they can't let themselves get in that situation. >> which is why, i think you saw john boehner come out pretty aggressively this week and say he's open to a compromise. the key word in his statement and the statement he made before the election was tax rates. he doesn't want to see the rates go up.
john boehner didn't want to have any type of grand bargain. he wants to wait for the new congress to be seated. how you do a temporary punt. obama has the leverage. he won re-election. so where we go from here, i think you are going to see a lot of political games next week when congress comes back to town. potentially, we go deep into december. >> the president is holding most of the cards here, he won re-election and the republicans are absolutely terrified of going over the cliff. the...
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the other thing is boehner has a real problem. boehner is somewhat of a moderate. he may want to compromise on this. actually boehner and obama individually are incentivized to compromised but face people to the extremes in their parties who will prevent it. if boehner goes too far left, i really think the tea party will toss him right out. >> that's possible, but -- >> the lines are really drawn here, but president obama won the election. doesn't that buy him some capital here? >> oh, sure, and i think the fact that boehner comes right to the table, already doing interviews. republicans have wasted no time led by boehner saying there should be compromise and there's going to be a deal. we'll have to give on something. we might have to give a percent or two, but republicans aren't going to compromise their values. we're in this for the long haul. we believe in low taxes. we're not trading in all of our values because of one election result tuesday. we still hold half the cards in this town. people talk like the republican party is extinct. we control the house of r
the other thing is boehner has a real problem. boehner is somewhat of a moderate. he may want to compromise on this. actually boehner and obama individually are incentivized to compromised but face people to the extremes in their parties who will prevent it. if boehner goes too far left, i really think the tea party will toss him right out. >> that's possible, but -- >> the lines are really drawn here, but president obama won the election. doesn't that buy him some capital here?...
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Nov 10, 2012
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today we heard from house speaker john boehner. take a listen. >> the purpose of fofrjing a bipartisan agreement that continues to solve the problem, we're willing to accept new revenue under the right conditions. >> just an hour later this is what president obama had to say. >> i'm not wedded to every detail of my plan. i'm open to compromise. i'm open to new ideas. >> all right. do i hear the foundation for some fiscal cliff common ground? we're going to explore the politics of this. here now is matt miller, and steve malinga and tony fratto who is a former bush 42 white house press secretary. mr. press secretary, i want to go to you first. you look at this, it's sort of hard to understand, and it's a good victory for president obama and the democrats picked up seats in the house -- in the senate and the republicans are now in the house, but there seems to be this common ground compromise coming. politically, why do you suppose that is? >> well, look, because we have divided government, we are going have to have some agreement on
today we heard from house speaker john boehner. take a listen. >> the purpose of fofrjing a bipartisan agreement that continues to solve the problem, we're willing to accept new revenue under the right conditions. >> just an hour later this is what president obama had to say. >> i'm not wedded to every detail of my plan. i'm open to compromise. i'm open to new ideas. >> all right. do i hear the foundation for some fiscal cliff common ground? we're going to explore the...
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Nov 13, 2012
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speaker boehner says revenues are on the table but we have news for him, when it comes to hiking the taxes, democrats do plan to run the table reportedly not keen on a republican plan to only close loopholes that curb deductions to raise revenue. and democratic leaders expect that and a rate increase, a move that could conceivably send the top rate closer to 45 percent tan the 40 percent they talking about now. when you throw in added surtaxes to pay for health care, the "wall street journal" reporter says you could be look at 50 percent top rate. or more. here we go. >>reporter: that is true if the live in the state of california or someone like you would works, why know if you live in new york but you work in w york and the tax rates in new york city could go do 50 percent and california as high as 52 percent, we have not seen rates that high since the 1970's. >>neil: leave aside what will happen on health care people forget this is a lot more than just returning to the clinton top rate of 39.6 percent. it is about going well beyond that and the fact that democrats are feeling thei
speaker boehner says revenues are on the table but we have news for him, when it comes to hiking the taxes, democrats do plan to run the table reportedly not keen on a republican plan to only close loopholes that curb deductions to raise revenue. and democratic leaders expect that and a rate increase, a move that could conceivably send the top rate closer to 45 percent tan the 40 percent they talking about now. when you throw in added surtaxes to pay for health care, the "wall street...
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Nov 12, 2012
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speaker boehner was asked this week whether the republican drive to kill obamacare, is dead. here's what he said: >> it is pretty clear the president was reelected. obamacare is the law of the land. >> chris: question: do most house republicans, do you agree with speaker boehner, repeal of obamacare with this election, with his re-election, is dead? >> no. as a physician i can tell you that the reason -- we're not opposed to the president's health care law because of the election, we're opposed because it is bad policy and bad for the patients across this land. we actually must get a handle on this spending in this country and in order to do that, it has to be through medicare and medicaid reform an social security reform, all three programs under current law are destined for fewer. we need fundamental reforms to save and strengthen and secure the programs for this generation and, future generations, that is what really -- >> the election, yes, you still have the majority in the house but you lost the election on the presidential level, and you will not kill obamacare for the
speaker boehner was asked this week whether the republican drive to kill obamacare, is dead. here's what he said: >> it is pretty clear the president was reelected. obamacare is the law of the land. >> chris: question: do most house republicans, do you agree with speaker boehner, repeal of obamacare with this election, with his re-election, is dead? >> no. as a physician i can tell you that the reason -- we're not opposed to the president's health care law because of the...
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. >> tomorrow is speaker boehner's birthday. we are not going to embarrass him with a cake because we did know how many candles were needed. >> right. [laughter] >> we do want to wish him a happy birthday. thank you. >> after the meeting, leaders encouraged that they will agreement. democrats and republicans called productive. >> we are hearing from the of the little girl whose production prompted amber alert overnight. the jobless around this morning her parents fled their homes in southern virginia. -- the child was found this after her parents fled virginia. in southern >> early this morning, a ups spotted the vehicle used in the abduction. driver called 911 and .ollowed the car inside the car was the little girl's father. the girl was down a short time later in maryland. >> i am ok. >> there she is, safe and sound family in prince george's county. had no idea police say s -- the child had no idea police say her parents took members inher family staying where she was night. the parents left last after the court told them o th
. >> tomorrow is speaker boehner's birthday. we are not going to embarrass him with a cake because we did know how many candles were needed. >> right. [laughter] >> we do want to wish him a happy birthday. thank you. >> after the meeting, leaders encouraged that they will agreement. democrats and republicans called productive. >> we are hearing from the of the little girl whose production prompted amber alert overnight. the jobless around this morning her parents...
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speaker boehner tried to offer signals about a compromise. president obama says compromise is not a dirty word. press secretary jay carney said right after that though the president would veto any legislation from congress that maintains the bush tax cut for the upper income earners. they put a line in the sand right there. a lot of democrats say you just won an election. play hardball and face them down. i think we're going to be in store for another long christmas season here. >> do you think that's where the president is going to get push back from the democrats in the senate? are they going to insist on raising taxes for the rich? >> i think you're definitely going to have more progressive members of the senate, elizabeth warren come into the senate now. of course that's not until next year. but the composition of the senate is changing. you also have a lot of moderate members of the senate that are up in red states in 2014 watching them. mary landry in louisiana, mary cahey. if they did that level should be $500,000, a little higher than
speaker boehner tried to offer signals about a compromise. president obama says compromise is not a dirty word. press secretary jay carney said right after that though the president would veto any legislation from congress that maintains the bush tax cut for the upper income earners. they put a line in the sand right there. a lot of democrats say you just won an election. play hardball and face them down. i think we're going to be in store for another long christmas season here. >> do you...
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tears on barack obama's cheeks looking a bit like john boehner. but now they will battle. for the past four years, republicans up here have been super unified. not one defecting in some of the biggest fights. now, even before his second term starts, president obama's vowing to get gop allies for this fight. i'm steve handelsman, nbc news, capitol hill. >>> after more than a week of long lines, drivers in new york say the newly implemented gas rationing program appears to be working. it is similar to the program in new jersey. vehicles with odd numbered license plates fill up on monday and vehicles with even numbered plates do the same the next day. only quarter of new york city gas stags are open as that city still recovers from superstorm sandy. wi widespread destruction from that storm will make it the largest relief effort from the red cross since hurricane katrina. >> a long time before things get back to normal. >>> for us, the prospect of a glitch this weekend ahead, huh? >> delicious, yes. i seldom use that term in weather, but, yes, quite that. delicious. very nice
tears on barack obama's cheeks looking a bit like john boehner. but now they will battle. for the past four years, republicans up here have been super unified. not one defecting in some of the biggest fights. now, even before his second term starts, president obama's vowing to get gop allies for this fight. i'm steve handelsman, nbc news, capitol hill. >>> after more than a week of long lines, drivers in new york say the newly implemented gas rationing program appears to be working. it...
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Nov 16, 2012
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. >> reporter: in the meeting, house speaker john boehner proposed leaders establish a framework in the next six weeks for wide scale reform of the tax code, medicare, and social security in 2013. the goal would be to set specific targets now for savings from those reforms. that would negate the need for steep spending cuts congress called for last year that are set to kick in on january 1, the same day the bush tax cuts are set to expire. that damaging combo has been come to be known as the fiscal cliff. while democrats often balling at any mention of entitlement reform, today nancy pelosi signaled a new openness. >> do we want to have savings from everything that we do? certainly? so we need revenue, we need savings, we need growth. >> reporter: leader pelosi said there appeared to be interest in a big deal, about four trillion dollars worth of deficit redictions along the lines of the grand bargain that fell apart wean the president and speaker boehner last year, anthony. >> mason: nancy, there are just 46 days until the new year. what can they really hope to accomplish in that time?
. >> reporter: in the meeting, house speaker john boehner proposed leaders establish a framework in the next six weeks for wide scale reform of the tax code, medicare, and social security in 2013. the goal would be to set specific targets now for savings from those reforms. that would negate the need for steep spending cuts congress called for last year that are set to kick in on january 1, the same day the bush tax cuts are set to expire. that damaging combo has been come to be known as...
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Nov 16, 2012
11/12
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MSNBC
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as for speaker boehner i know they would personally like to make this time of deal. assuming the grand bargain happens, you can't get it done in a lame duck session, at least you move forward there, grand bargain, is this something that safbs the u.s. from this debt we've inflicted on ourselves for so long, where people stand up and notice it or would there still be the naysayers out there that say it still is not enough. what do you think? >> i think a true grand bargain would be a really great confidence signal to markets. now i don't think it's the solution for our short term growth problems because right now borrowing is cheap and we don't have a debt problem dragging on our economy right now but if we're looking at freeing up investment, freeing up hiring over the medium and long terms, absolutely the markets would love that. >> i think, also, the biggest negative domestically generated is the perpetual fights of brinksmanship, government shutdown, debt ceiling. a grand bargain that if it did nothing else put off those types of fights for the foreseeable future
as for speaker boehner i know they would personally like to make this time of deal. assuming the grand bargain happens, you can't get it done in a lame duck session, at least you move forward there, grand bargain, is this something that safbs the u.s. from this debt we've inflicted on ourselves for so long, where people stand up and notice it or would there still be the naysayers out there that say it still is not enough. what do you think? >> i think a true grand bargain would be a...
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Nov 12, 2012
11/12
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listen to boehner talking. as long as he's talking about not raising tax rates, we're on a path to a deal. if he starts talking about not raising taxes, maybe we're off the track. >> all right. we'll look for keywords. thank you very much. i know we'll talk with you probably every day including the 11th hour when this is finally done. >> happy to do it. >> on lessons learned from last week's election, our first read team asks, is the independent vote overrated? what do you think? they noted that romney won the independent vote 50/45. joining me now is mark murray. you and your team don't just point to mitt romney losing. others have lost banking on the independent voter. >> when we look at a poll or exit poll, are you winning independent voters? that's seen as winning the middle of the electorate, the people who decide a presidential contest. as you alluded to, in two of the last three presidential elections, the candidate who ended up winning the independent vote ended up losing the presidential contest. john
listen to boehner talking. as long as he's talking about not raising tax rates, we're on a path to a deal. if he starts talking about not raising taxes, maybe we're off the track. >> all right. we'll look for keywords. thank you very much. i know we'll talk with you probably every day including the 11th hour when this is finally done. >> happy to do it. >> on lessons learned from last week's election, our first read team asks, is the independent vote overrated? what do you...
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Nov 11, 2012
11/12
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WMAR
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speaker boehner said tax hik eshehikes aren't acceptable. senator mcconnell the republican leader in senate said that he won't raise taxes to turn off those spending cuts. if senator mcconnell and speaker boehner don't bend, do you still believe the president should go up to the brink. >> here we are, our country has a tremendous debt and deficit problem. we also have a challenge in making sure that we educate our work force, we need to make sure we care for our veterans who need that care today. we need to have research and we need to be able to compete in a global marketplace, those investments are important. everyone who has looked at this, including the supercommittee that i served on, said we need to have revenue as part of the solution to this problem as well as looking at entitlements and spending cuts. what the missing ingredient is revenue. that's what we face right now. if our republican counterparts can step forward with that revenue piece we'll be able to find a solution. >> and if not, go off a cliff? >> well, clearly, we have t
speaker boehner said tax hik eshehikes aren't acceptable. senator mcconnell the republican leader in senate said that he won't raise taxes to turn off those spending cuts. if senator mcconnell and speaker boehner don't bend, do you still believe the president should go up to the brink. >> here we are, our country has a tremendous debt and deficit problem. we also have a challenge in making sure that we educate our work force, we need to make sure we care for our veterans who need that...
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Nov 11, 2012
11/12
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WTTG
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president obama and house speaker john boehner say that they are willing to compromise. >> a stronger economy means more revenue, which is exactly what president is seeking. >> they should start by making sure that taxes don't go up on the 98% of americans making under $250,000 a year starting january 1st. this is something we all agree on. >> reporter: both remain head strong on their views on tax reform. >> we have to combine spending cuts with revenue and that means asking the wealthiest americans to pay more taxes. >> 2013 should be the year to begin our debt through tax reform and entitlement reform. >> reporter: if no agreement is reached, middle class americans could see a $2000 increase on taxes and the unemployment rate could jump back over 9%, spiraling the economy to another recession taxes related to obama's health care plan will be corrected. according to baron, over 1000 government programs will experience, quote, deep automatic cuts. with the fiscal deadline rapidly approaching, many economists ask, can the feat be accomplished in the time frames? >> what both parties n
president obama and house speaker john boehner say that they are willing to compromise. >> a stronger economy means more revenue, which is exactly what president is seeking. >> they should start by making sure that taxes don't go up on the 98% of americans making under $250,000 a year starting january 1st. this is something we all agree on. >> reporter: both remain head strong on their views on tax reform. >> we have to combine spending cuts with revenue and that means...
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Nov 9, 2012
11/12
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CNNW
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president obama and house speaker john boehner haven't budged. yesterday we heard of talk of olive branches and reaching across the aisle. but this evening speaker bonner said this to abc news. >> raising tax rates is unacceptable and frankly couldn't even pass the house. i'm not sure it can pass the senate. >> he could be right about that. he's talking about raising tax rates. jessica yellin reminded us today that the white house has vowed to veto any bill that doesn't extend the bush tax cuts for families making $250,000, less than $250 a year. he's been very explicit. tax rates will be raised for people who make more than that amount of money. so how did the president respond to john boehner's line in the sand? well we haven't heard from him since he returned to washington yesterday. we were told though by the white house this evening he'll make a statement on the fiscal cliff tomorrow but as far as what we know right now the administration says the president has already laid out his plan. it's a plan he says would cut the deficit by $4 trilli
president obama and house speaker john boehner haven't budged. yesterday we heard of talk of olive branches and reaching across the aisle. but this evening speaker bonner said this to abc news. >> raising tax rates is unacceptable and frankly couldn't even pass the house. i'm not sure it can pass the senate. >> he could be right about that. he's talking about raising tax rates. jessica yellin reminded us today that the white house has vowed to veto any bill that doesn't extend the...